Data Bridge Market Research announces the release of the report “Global Citrus Based Alcohol Market Size, Share, Growth & Trends Analysis Report By Product, By Citrus Fruit, By Packaging, By Distribution, By Region And Forecasts, 2022 – 2029″. An excellent Citrus Based Alcohol Market document concentrates on the global key manufacturers to define, describe and analyses the market competition landscape via SWOT analysis. The report highlights top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Moreover, this market report includes top to bottom analysis and evaluation of various market related factors that plays key role for better decision making. This market survey report also analyses the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
The global Citrus Based Alcohol Market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.1% in the forecast period of 2022 to 2029 and is expected to reach USD 9,520.32 million by 2029. The major factor driving the growth of the global citrus based alcohol market is the growing trend of craft spirits and the adoption of cost-effective ingredients.
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The citrus based alcohols are produced mainly from citrus fruits such as lemon, lime, grapefruits, and orange. Due to its flavor and strong acidity, citrus has become an integral part of alcoholic drinks, including beer and spirits such as wine, rum, and gin, and is used to provide balance in cocktails. Likewise, citrus alcohol is used as a base and flavor-additive in alcohol production. The citrus based alcohol beverages inherit the nutritional profile of the citrus fruits from which they are produced, such as lemon, lime, orange, grapefruit, tangerine and others. Citrus fruits are rich in vitamin C which is a powerful antioxidant that protects cells from free radical damage, and play an important role in preventing conditions such as diabetes, cancer, neurological disease.
Craft spirits are majorly developed by using the fruit’s flavors infusion. The innovation that stems from craft spirits is otherwise unparalleled in the drinks industry. Craft products are viewed as more creative, nimble, and niche by the consumer with so much variety and artistry. This increasing growth of craft spirits helps the growth of Citrus-Based Alcohol by incorporating citrus in their distillery products. In addition to the citrus fruits, the spirit is infused with various spices including cinnamon, vanilla, ginger, pepper, and others to improve the taste and aroma. This adoption of the ingredients and citrus fruits is both healthier and more cost-effective for the production of spirits.
In October 2021, According to Craft Spirits, SunDaze, the citrus ready-to-drink canned cocktails, announced its launch in Southern California at PinkDot and Total Wine locations across Los Angeles County and nationwide (where legal) via direct-to-consumer shipping online. This launch will intensify the company’s operations in the global market.
In July 2022, According to the Spirits Business, UK-based Shakespeare Distillery launched a Citrus Vodka as part of its limited edition Distillery Special range. This Citrus Vodka has strong flavors of fresh oranges and lemons that are hand-peeled at the Distillery.
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Some of the major market players operating in the market are
Constellation Brands, Inc.,
The Coca-Cola Company,
ASAHI GROUP HOLDINGS, LTD.,
The BOSTON BEER COMPANY,
Diageo, Beam Suntory, Inc.,
Radico Khaitan Ltd.,
SUNTORY HOLDINGS LIMITED.,
Accolade Wines Limited.,
WILLIAM GRANT & SONS,
Carlsberg Breweries A/S,
Halewood Artisanal Spirits,
UNITED BREWERIES LTD.,
KALS Distilleries Private Limited,
The countries in the Citrus Based Alcohol Market are the U.S., Canada, Mexico, U.K., Russia, France, Spain, Italy, Germany, Turkey, Netherlands, Switzerland, Belgium, Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, and the Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, United Arab Emirates, South Africa, Kuwait and Rest of the Middle East and Africa.
In Asia-Pacific, South Korea is expected to dominate the market due to the high consumption of alcohol based beverages In Europe, the France is expected to dominate the market due to the growing trend of craft spirits. In North America, the U.S. is expected to dominate the market due to the rising disposable income of consumers.
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The global citrus based alcohol market is categorized based on product type, citrus fruit, packaging, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
On the basis of product type, the global citrus based alcohol market is classified into three segments namely beer, wine, spirits.
On the basis of citrus fruit, the global citrus based alcohol market is classified into six segments namely lemon, lime, orange, grapefruit, tangerine, and others.
- Glass bottles
- Plastic bottles
On the basis of packaging, the global citrus based alcohol market is classified into three segments namely glass bottles, cans, and plastic bottles.
- Specialty stores
- Convenience stores
- Online Retailer
View Detailed Table of Content @ https://www.databridgemarketresearch.com/toc/?dbmr=global-citrus-based-alcohol-market
Browse Related Reports:-
Europe Citrus Based Alcohol Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/europe-citrus-based-alcohol-market
Asia-Pacific Citrus Based Alcohol Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/asia-pacific-citrus-based-alcohol-market
Middle East and Africa Citrus Based Alcohol Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/middle-east-and-africa-citrus-based-alcohol-market
North America Citrus Based Alcohol Market – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/north-america-citrus-based-alcohol-market
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